The underestimated hryvnia. What was shown by the index of Big Mac

The Ukrainian national currency is recognized the most underestimated since 2015. It is competed by ruble. The British magazine Economist issued the next "index of Big Mac" which showed that the hryvnia is one of the most underestimated national currencies. The index allows to estimate purchasing power of currency, proceeding from the cost of the hamburger of the same name at McDonald's networks. In previous years Economist defined hryvnia the most underestimated, but this time it was bypassed by ruble. However the Russian media insist on incorrectness of calculations. The correspondent.net tells details. The hryvnia is underestimated According to rating, the cost of hryvnia is underestimated for 65.2 percent, and its real course on purchasing power has to be up to standard 9.7 hryvnias for dollar. Calculations are carried out so: Big Mac in Ukraine costs 54 hryvnias that at an official rate (27.8 hryvnias for dollar) makes 1.9 dollars. In the USA this hamburger from McDonald's. costs the whole 5.58 dollars. That is at the rate of National Bank the dollar is much more expensive, than when comparing price tags on identical goods, so the hryvnia - is underestimated. Among all national currencies hryvnias is in the penultimate place. Let's note that since 2015 inclusive the Ukrainian national currency took the last place in rating. The index of Big Mac 2019 According to estimates of Economist of 2019 almost all world currencies remain are underestimated in comparison with dollar. Who nedootsenenny, hryvnia or ruble? The ruble - for 70 percent in comparison with dollar was recognized as the most underestimated currency. According to Economist, in Russia Big Mac costs 110 rubles or 1.65 dollars. A year ago, in January, 2018, the ruble was underestimated for 57 percent. The Russian media, in particular RBC and Medusa, paid attention that data of the magazine differ from the official price specified on the website of McDonald's of the vast majority of regions of the Russian Federation - 130 rubles. This price for Moscow remained invariable at least since 2016. If to take a course which used the magazine now and to count on it the actual cost of Big Mac in Russia, then the undervaluation will be 65.1 percent. And then not the ruble, but the Ukrainian hryvnia will become the most underestimated currency in the world. Calculation of "the index of Big Mac" Economist conducts the most overestimated currencies since 1986. It is based that the list of ingredients from which cook hamburger is identical to all countries in which there are restaurants of McDonald's network. According to the theory about purchasing power parity of currencies in ideal conditions for the same amount transferred in other currency on the basis of an exchange rate in any country of the world it is possible to buy the identical volume of goods. Therefore the difference in the cost of Big Mac shows undervaluation of this or that currency. The fact in itself that according to the index of Big Mac of currency of many countries are represented by stronger, than on the basis of real exchange rates, is not something unusual. According to the Economist index almost all world currencies remain are underestimated in comparison with dollars

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